Ultra-Low Temperature Freezers Market Report 2025

The ultra-low temperature freezers market size has grown steadily in recent years. It will grow from $0.91 billion in 2024 to $0.96 billion in 2025 at a compound annual growth rate (CAGR) of 5%. The growth in the historic period can be attributed to increasing genomic research and technological innovation, a rise in R&D activities to introduce new drug compounds, increasing investment in life science research and development, increasing government initiatives, and a rise in demand for food storage in ultra-low temperature freezers.

The ultra-low temperature freezers market size is expected to see steady growth in the next few years. It will grow to $1.12 billion in 2029 at a compound annual growth rate (CAGR) of 4%. The growth in the forecast period can be attributed to increasing demand for blood component specimens, growing government support for research activities and clinical trials, and the growing demand for transportation of newly developed COVID-19 vaccines. Major trends in the forecast period include a focus on innovative products, focus on technology advancement, focus on strategic partnerships, focus on offering ultra-low temperature freezers with connected service features, focus on energy-efficient freezers, focus on the use of the Internet of Thing (IoT) in ultra-low temperature freezers, focus on the use of portable ultra-low temperature freezers, focus on v drive technology and focus on mergers and acquisitions.

The surge in demand for ultra-low temperature freezers is attributed to the impact of the COVID-19 outbreak, as researchers and scientists intensify efforts to develop vaccines and rely on these specialized freezers and incubators to preserve COVID-19 samples securely. The BINDER CO2 freezer serves as a notable example, aiding researchers in retaining COVID-19 samples with essential features such as protection and anti-contamination measures. The COVID-19 outbreak has thus become a catalyst for the growth of the ultra-low temperature freezer market, playing a crucial role in supporting scientific endeavors focused on understanding and combatting the emerging respiratory illness.

The rising demand for blood components worldwide is expected to drive the growth of ultra-low temperature freezers during the historic period. Blood and its components are commonly used in treating cancer, hematological disorders, and various other medical conditions, as well as for complex surgical procedures. Ultra-low temperature freezers, which operate at temperatures between -20°C and -86°C, are essential for the safe preservation of these components and specimens. For example, in 2023, the American Red Cross, a US-based healthcare organization, reported that the demand for blood components remains critically high, with an estimated daily need of about 29,000 units of red blood cells. Additionally, nearly 6,500 units of plasma and 5,000 units of platelets are required daily to meet patient needs across the United States. Thus, the growing demand for blood components is significantly driving the growth of the ultra-low temperature freezers market.

Major companies in the ultra-low temperature freezers market are focusing on developing innovative solutions to enhance energy efficiency, improve temperature control, ensure sample safety, and support sustainability efforts, all while addressing the increasing demand for reliable cold storage in sectors like biopharmaceuticals, research, and clinical laboratories. This is particularly important amid advancements in drug development and cold chain logistics. Scientists increasingly rely on ultra-low temperature freezers and incubators, especially during the pandemic when the efficiency and cost-effectiveness of -80°C freezers became critical for handling RNA vaccines throughout the cold chain. For example, in September 2023, Thermo Fisher Scientific, a US-based biotechnology product development company, launched its TSX Universal Series ultra-low temperature (ULT) freezers. These new models are designed to enhance temperature control and sustainability in laboratory environments. They feature quick recovery times, tighter temperature control, and Universal V-Drive technology, which allows them to adapt to various workflows while potentially reducing energy consumption by 33%. This innovative technology ensures tighter control over temperature fluctuations and faster recovery after door openings, maintaining stable temperatures essential for sensitive biological materials.

Major companies in the Ultra-Low Temperature Freezers Market are focused on developing innovative solutions, such as PHC Corporation of North America. This leading manufacturer of laboratory and medical equipment specializes in advanced refrigeration solutions, including ultra-low temperature freezers and incubators, to support research and healthcare applications. For example, in September 2023, PHC Corporation of North America launched the MDF-DU703VHA-PA, a dual voltage ultra-low temperature (ULT) freezer under its PHCbi brand. This innovative model allows laboratories to switch between 115V and 220V power sources, enhancing flexibility while maintaining energy efficiency. The VIP ECO SMART series, which includes this new model, features HFC-free refrigeration and an inverter compressor that reduces power consumption by nearly 30%, making it one of the most efficient ULT freezers available. Additionally, it offers enhanced security with an electronic lock and a larger LCD touch panel for improved usability. This launch addresses the growing demand for reliable preservation equipment in medical and research settings, supporting critical work in drug discovery and life sciences.

In August 2024, Dodge & Cox, Inc., a US-based investment management firm, acquired Avantor, Inc. for an undisclosed amount. This acquisition is intended to enhance Dodge & Cox's portfolio by expanding its investment capabilities, accessing new markets, and strengthening its competitive position within the investment management industry. Avantor, Inc. is an American company that manufactures low temperature freezers.

Major companies operating in the ultra-low temperature freezers market include Thermo Fisher Scientific, Eppendorf AG, PHC Holdings Corporation, Avantor Inc, Haier Biomedical Co. Ltd, BioLife Solutions Inc, Azbil Corporation, Helmer Scientific, Binder GmbH, Arctiko A/S, Bionics Scientific Technologies (P) Ltd, Remi Group, Esco Group Of Companies, Zhongke Meiling Cryogenics Co. Ltd, Labxyi, Zhejiang Iceshare Refrigerating Appliance Co. Ltd, Labfreez, Blue Star, Godrej Appliances, Antech Group Inc, Mitsui & Co, Haier Medical, Acuma, Biobase, Arctiko, Binder, Labcold, Fisherbrand, Isotemp, Stirling Ultracold Storage, Helmer Scientific Inc, Nuaire, Telstar, Emphor Dlas.

North America was the largest region in the ultra-low temperature freezers market in 2024. The regions covered in the ultra-low temperature freezers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the ultra-low temperature freezers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

Ultra-low temperature freezers, also referred to as minus 80 freezers or negative 80 freezers, maintain temperatures ranging from 80 to 86 degrees Celsius below zero. These specialized freezers are designed to preserve sensitive materials at extremely low temperatures.

The market for ultra-low temperature freezers, as covered in this report, is segmented by type into chest freezers and upright freezers. Additionally, it is categorized by application, including blood & blood products, organs, pharmaceuticals, forensic applications, and genomic research. Furthermore, it is divided by end-users such as bio-banks, pharmaceutical and biotechnology companies, academic and research laboratories, among others.

The ultra-low temperature freezers market covered in this report is segmented by type into chest freezers and upright freezers. Chest freezers are a type of household appliance designed for the storage of frozen food items at low temperatures. They are used in various applications such as blood components and specimens, organs, pharmaceuticals, forensic, genomic research, and other applications, and by end-users in bio-banks, pharmaceutical and biotechnology companies, academic and research laboratories, and others.

The ultra-low temperature freezers market consists of sales of swing door freezer, PID controller freezer. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.